Smithson Company manufactures shirts. During June, Smithson made $1,800$ shirts and gathered the following additional data:

$($Click on the icon to view the data.$)$

Read the requirements.

$7.$ Calculate the direct materials cost variance,

Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable $($F$)$ or unfavorable $($U$).$

$(-)x=$ Direct Materials Cost Variance

Data table

$\backslash$table$[[$Direct materials cost standard,$$5\mathrm{.}00$ per yard of fabric$],[$Direct materials efficiency standard,$1\mathrm{.}80$ yards per shirt$],[$Actual amount of fabric purchased and used,$3,140$ yards$],[$Actual cost of fabric purchased and used,$$16,956$